The Marine Recovery Funds Regulations 2025
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9 Meaning of MRF contract
An agreement falls within this regulation if it— (a) is entered into by— (i) an MRF applicant whose MRF application has been approved by the Secretary of State in accordance with regulation 8, and (ii) the Secretary of State or a person to whom the Secretary of State has delegated a function of operating and managing an MRF under regulation 4(2), (b) identifies the following matters to which the agreement relates— (i) the relevant offshore wind activities and the adverse environmental effects of those activities for which the allocated measure is to compensate, (ii) the compensation condition imposed in relation to those effects, (iii) the allocated measure which compensates for those effects, and (iv) the expected outcomes of the allocated measure, (c) sets out— (i) the amount of the MRF payment, as determined under regulation 8(3)(b), and (ii) the terms on which the MRF payment is to be made, as determined under regulation 8(3)(c), and (d) provides for the identification of the period of time during which the allocated measure to which the agreement relates is to be monitored in accordance with regulation 15 (monitoring etc of allocated measures).
9 Meaning of MRF contract
An agreement falls within this regulation if it— (a) is entered into by— (i) an MRF applicant whose MRF application has been approved by the Secretary of State in accordance with regulation 8, and (ii) the Secretary of State or a person to whom the Secretary of State has delegated a function of operating and managing an MRF under regulation 4(2), (b) identifies the following matters to which the agreement relates— (i) the relevant offshore wind activities and the adverse environmental effects of those activities for which the allocated measure is to compensate, (ii) the compensation condition imposed in relation to those effects, (iii) the allocated measure which compensates for those effects, and (iv) the expected outcomes of the allocated measure, (c) sets out— (i) the amount of the MRF payment, as determined under regulation 8(3)(b), and (ii) the terms on which the MRF payment is to be made, as determined under regulation 8(3)(c), and (d) provides for the identification of the period of time during which the allocated measure to which the agreement relates is to be monitored in accordance with regulation 15 (monitoring etc of allocated measures).
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